Here is an extract from the Dec Quarterly re the mix of Mar Qtr pricing
"The March quarterly 3Q17 benchmark semi-soft coking coal price has been set as USD 171 per tonne, a rise of USD 41 per tonne or 32% above the December 2016 quarterly benchmark price of USD 130 per tonne. Given the contracted carry-over tonnes at 31 December 16 of 128kt, it is currently anticipated that the higher March quarterly price will apply to approximately 50% of sales in the March quarter."
I guess the pricing pie chart (see the Dec Qtr Ann.) confuses some shareholders.
Keep in mind that we had a recent CR @ 55c and that a major shareholder bought-in over 60c late last year.
Cheers
MM
SMR Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
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